Are you interested in studying for a finance degree? Whether you’re starting from scratch with an undergraduate degree, or moving through the ranks towards a doctorate, there are many advantages to studying a finance degree.

If you want to enhance your skills by studying for a finance degree, here are five ways it could change your life.

1.     Opening Up Career Pathways

By studying a finance degree, you could open up pathways to a better career for yourself. Whether you’re interested in being a financial advisor, a banker or stockbroker to name just a few, obtaining a finance degree can be the ticket to gaining the knowledge you need to succeed.

If you want to browse career pathways for you after obtaining a finance degree, you can use the Prospects website to view job profiles according to your qualifications.

2.     Transferable Skills

A degree in finance is fantastic for gaining transferable skills. Studying a degree is important for gaining analytical and critical thinking skills, which are great for establishing problem solving skills in your career later on.

Additionally, you can learn communication skills through essay writing and presentations that will enable you to explain processes and data to a wider audience.

By using and studying research, you can make ethical decisions and gain an understanding of global markets and how they interact.

3.     Opportunities for Further Education

As a student studying for a finance degree, there are opportunities for you to continue your higher education.

If you’re looking for additional courses to continue your educational journey, providers like Signum Magnum Education have a range of courses from undergraduate level all the way up to doctorate.

Studying towards your goal as an expert in finance will allow you to gain a wide variety of skills and knowledge in preparation for the working world.

4.     Cross Sector Working

The main advantage of studying for a finance degree is that it provides you with the opportunity to engage in cross sector working, which will only widen your career prospects.

This means you can change sectors according to your professional needs. Whether you work in banking and want to transfer to charity work, accounting or medical fields, finance is a discipline that is used across the globe for different purposes.

You can also use finance in collaboration with technological advances. Gone are the days of organising finances by hand when software like Sage now exists to enable you to perform tasks relating to payroll or accounting with ease.

5.     Build Personal Financial Skills

If you want to gain an insight into the world of personal finance, a finance degree is the way to go. Not only will this help you to manage your money, but it will also teach you where to invest it.

With this knowledge you could even go freelance as a financial advisor and work on your own terms around existing commitments to your family.

Having an excellent knowledge of personal finance will enable you to work hard towards building savings and affording a better lifestyle, retirement and holidays for you and your family.

Has studying a business degree changed your life? Share your thoughts in the comments section below!